A PLUS Loan consolidation is a practical, debt management tool that enables you to bundle all of the federal loans you received to finance your child's college education into a single loan.
In addition to simplifying record keeping and check-writing chores, PLUS Loan consolidation can significantly reduce your monthly payment burden. The lower payment means you'll have more money available to meet other household expenses, including car payments, childcare, and career-related necessities.
Benefits of Federal PLUS Loan Consolidation
- Reduce your monthly payment up to 53%! Beat inflation!
- Save .25% instantly
- Make one loan payment a month.
Apply for A Parent Plus Consolidation Now!
Requirements to Consolidate PLUS Loans
- You must have received the final disbursement for the current academic year –
You do not have to wait until your child has graduated! - You cannot have a Federal loan that is currently in default.
For a step by step guide to the consolidation process, click here!
Consolidation can significantly reduce your monthly payment burden. Click here to learn why this is important! PLUS Loan Consolidation allows you to stretch your repayment period from the standard 10 years to up to 30 years, depending on the amount of your education debts. The lower payment means you'll have more money available to meet other household expenses, including car payments, childcare, and career-related necessities.
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